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Channelinsight Nets Third Venture Capital Investment

Wednesday, April 27, 2011 5:29:00 AM PDT | VentureDeal Staff

   Denver, Colorado  --  Software development company Channelinsight has garnered $10 million in series C financing commitments from a syndicate of venture capital firms.

Channelinsight provides channel visibility and management software for enterprises that sell through channel networks.

Rho Ventures led the round, which also included previous investors Sevin Rosen Funds, Sequel Venture Partners and Vedanta Capital.

The company said it would use the funding for new product development and its sales and marketing initiatives.

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